The unemployment rate in Malta decreased to 3.4 percent in the third quarter 2019 from a downwardly revised 3.6 percent in the same period of the previous year. The number of unemployed fell by 216 to 8,879 while employed increased by 10,955 to 255,297. Meantime, the activity rate rose to 76.4 percent from 76.1 percent a year earlier and the employment rate went up to 73.7 percent from 73.3 percent. Unemployment Rate in Malta averaged 6.11 percent from 2001 until 2019, reaching an all time high of 8.24 percent in the third quarter of 2003 and a record low of 3.40 percent in the second quarter of 2019.
Unemployment Rate in Malta is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Malta to stand at 3.20 in 12 months time. In the long-term, the Malta Unemployment Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.